Jeera prices went up by 1.08 per cent to close at Rs 15,500 per quintal in futures trade today as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries.
Besides, tight stock positions following restricted arrivals from the growing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in the current month rose by Rs 165, or 1.08 per cent, to close at Rs 15,500 per quintal, with an open interest of 84 lots.
Likewise, the contract for May was trading higher by Rs 135, or 0.85 per cent, to finish at Rs 16,045 per quintal, with the open interest of contract at 5,487 lots.
Traders said, speculative positions built up by participants amid rising domestic as well as export demand led to the rise in jeera prices.
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